From the letters page of The West: "Some advice for companies like Pacific Brands on how to save money at the top and keep jobs at the bottom end. Make all your senior executives and CEOs women and get rid of the men. That will cut your wages bill by half." (28 Feb 09)
On the front page of The West, same edition: "It was revealed that the chief executive of Melbourne-based clothing manufacturer Pacific Brands had her salary doubled to $1.86 million when she was appointed as the company considered sacking thousands of workers."
Oops! Looks as though even a woman can be accused of being a money-grabbing, heartless chief executive...
Power corrupts, money corrupts absolutely!
On the other hand... still on that same front page: 'Mr Li resigned in disgust seven months later, telling Mr Johnston in an email that he would not trade his "integrity, pride, loyalty and dignity" for "material benefit".'
Perhaps that is really what we need: integrity, pride, loyalty and dignity. So where are the other honest executives when you need them?!
Agamedes Consulting. Support for your thought: email nick leth at gmail dot com |
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